Analysts Set Titan America SA (NYSE:TTAM) PT at $17.43

Titan America SA (NYSE:TTAM) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.43.

TTAM has been the subject of a number of research reports. The Goldman Sachs Group dropped their price target on Titan America from $19.00 to $16.50 and set a “neutral” rating for the company in a research note on Friday, March 28th. Citigroup assumed coverage on Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 target price for the company. Hsbc Global Res upgraded shares of Titan America to a “strong-buy” rating in a research report on Wednesday, March 12th. Bank of America lowered their price objective on shares of Titan America from $16.50 to $15.50 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Jefferies Financial Group began coverage on shares of Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price on the stock.

Titan America Stock Performance

Titan America stock opened at $13.16 on Friday. Titan America has a 1 year low of $12.61 and a 1 year high of $17.78.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $389.82 million for the quarter, compared to the consensus estimate of $393.17 million.

Titan America Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, April 7th will be given a dividend of $0.38 per share. This represents a yield of 5.73%. The ex-dividend date is Friday, April 4th.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.